Imax and AMC to add 25 theatres to their revenue sharing deal

Imax Corp. and AMC Theatres said Wednesday they have agreed to expand their revenue sharing deal with the addition of 25 Imax at AMC theatres. The new theatres are expected to be installed through 2019 at new and existing AMC locations in cities including New York, Los Angeles and Houston, the companies said in a statement. AMC will have 185 Imax at AMC theatres, making it the biggest Imax exhibitor in the U.S. Neither stock was trading premarket.

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From:: Stock Market News

Refinance applications finally jump after weeks of historically low interest rates

After weeks and weeks of historically low mortgage interest rates having little to no impact on the volume of refinance applications, it finally appears that consumers are getting the message about interest rates. According to a new report from the Mortgage Bankers Association, mortgage applications rose last week, with the increase coming entirely from refinance applications. …read more

From:: Real Estate Wire

Argentina crushes U.S., 4-0, in Copa America semifinal

Argentina romped past the U.S. men’s soccer team Tuesday night in Houston, advancing to the Copa America finals with a 4-0 victory. FC Barcelona star Lionel Messi became Argentina’s all-time leading scorer with a beautiful free kick in the first half that weaved its way into the corner of the net. It was Messi’s 55th career international goal. Meanwhile, the Americans were dominated on all sides of the ball, and didn’t manage a single shot on goal. On Sunday, Argentina, ranked No. 1 in the world, will play the winner of Wednesday’s other semifinal between Chile and Colombia.

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From:: Stock Market News

Valeant Pharma names Eldessouky accounting chief

Valeant Pharmaceuticals International Inc. said it appointed Sam Eldessouky as chief accounting officer last Wednesday, according to a Securities and Exchange Commission filing late Tuesday. Eldessouky took over the duties from Robert Rosiello, who will continue as chief financial officer, the company said. Valeant shares fell 1.1% to $21.40 after hours.

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From:: Stock Market News

Best Housing Markets

Although a vast majority of local housing markets are in good shape, areas that rely on energy — especially Texas — could see conditions deteriorate.

The U.S. Leading Index of Healthy Housing Markets landed at 104.3 as of the second quarter. It was the lowest level in two years for the index.

Still, an index level that is higher than 100 suggests that the housing market is healthy and has a lower chance of a downturn during the next year.


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From:: Financing

Fortune Brands Home & Security to join S&P 500

Fortune Brands Home & Security Inc. gained fractionally in the extended session Tuesday after S&P Dow Jones Indices said the company will join the S&P 500 index . The home and security products company replaces Cablevision Systems Corp. , which was acquired by Altice NV. The change will occur after the close of trading on Thursday, S&P said. Fortune Brands shares rose 0.2% to $57.67 after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Fortune Brands Home & Security to join S&P 500

Fortune Brands Home & Security Inc. gained fractionally in the extended session Tuesday after S&P Dow Jones Indices said the company will join the S&P 500 index . The home and security products company replaces Cablevision Systems Corp. , which was acquired by Altice NV. The change will occur after the close of trading on Thursday, S&P said. Fortune Brands shares rose 0.2% to $57.67 after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Fortune Brands Home & Security to join S&P 500

Fortune Brands Home & Security Inc. gained fractionally in the extended session Tuesday after S&P Dow Jones Indices said the company will join the S&P 500 index . The home and security products company replaces Cablevision Systems Corp. , which was acquired by Altice NV. The change will occur after the close of trading on Thursday, S&P said. Fortune Brands shares rose 0.2% to $57.67 after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Large Distressed Mortgage Portfolio Sold

A large portfolio of distressed residential loans has found a buyer. The seller is the Federal Home Loan Mortgage Corp.

Back in late May, Freddie Mac announced that it was seeking buyers for $783 million in deeply delinquent mortgages for sale.

The loans are part of the McLean, Virginia-based company’s investment portfolio, which stood at $334 billion as of April 30.


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From:: Financing